Covered calls and put options will remain the preferred options types in the crypto structured products market for a while due to the high volatility of this asset class, and the incapacity for trading desks to hedge crypto exotic risks.
In an interview with SRP, Chuan Jin Fong (pictured) , managing director, head of Asia sales at GSR, discusses the key aspects for structured products linked to cryptos, including issuer credit, pricing, funding cost and wrapper. What is your observation in the development of structured products in crypto? Chuan Jin Fong: The structured product space in crypto has not evolved as quickly as some people might think. The key is that the nature of a structured product is hunt for yield. Investors w
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